e income per employed person ticked up 0.4% to AU$25,648 for the quarter.
Why should I care?
For markets: A softer jobs pipeline can shift the rate outlook.
Central banks watch labor demand because it can keep wages and inflation sticky. Falling vacancies, alongside rising employment and hours, hints wage pressure may cool without a sharp slowdown. If that trend sticks, rate-sensitive areas like housing, banks, and consumer stocks may get a bit more breathing room as investors reassess how restrictive policy needs to be.
The bigger picture: More Australians are stacking jobs to make it work.
Secondary jobs rose 0.4% to 1.1 million and the number of multiple job-holders climbed 0.4% to 976,400. That can mean households are patching together income, or that employers are offering more part-time and flexible work. With total jobs up 0.3% to 16.4 million but vacancies drifting down, Australia may be moving from rapid hiring to making its existing workforce stretch further.